Engr. Obi Njoku has reacted to the sickening reality of the ₦1.4 trillion ($700 million) Lagos Port renovation project—a deal that serves as the ultimate blueprint for state capture.
While Nigerians are told to endure the “cracks” of a collapsing economy, it appears the President’s family is busy cementing its own financial future. The pattern is too consistent to be a coincidence; it is a deliberate, systemic funneling of national resources into the hands of a few.
1. The Debt Trap: The Federal Government takes a massive loan adding to a debt profile that is already crushing the Nigerian taxpayer to fund the Lagos Port project.
2. The Preferred Partner: The contract is handed to the Chagoury Group, a firm with decades of deep-seated ties to the President.
3. The Family Link: Sitting on the board of a major subsidiary of this same group is Seyi Tinubu, the President’s son.
This administration’s obsession with the Lagos Port project is a calculated insult to the rest of the federation. While ₦1.4 trillion is being pumped into a family-linked monopoly in Lagos, the vital maritime gateways in Uyo, Onitsha, and Warri are being left to rot. By starving these regions of critical infrastructure, the Presidency is choosing to protect the private interests of its business associates over a functional national economy. This is not national development; it is the deliberate economic strangulation of the South-South and South-East to ensure the “fix” stays within the family circle.
Gaslighting the Suffering Masses:
It is the height of executive arrogance for Seyi Tinubu to stand before a hungry and frustrated nation and claim his father is “fixing the cracks.” Which cracks is he fixing? Is he fixing the “cracks” in the family’s investment portfolio? Nigerians are not “fazed”; they are disgusted. You cannot ask a man whose children are starving to have “faith” in a system that is currently enriching the President’s son through high-interest loans and non-competitive contracts.
We Demand Answers, Not Sermons:
* The Procurement Shadow: Was there a truly open, transparent, and competitive bidding process for the $700 million Port contract, or was it another “handshake” deal like the Lagos-Calabar Coastal Highway?
* Conflict of Interest: How does the Presidency justify the First Son’s presence on the boards of companies receiving multi-billion naira state-backed contracts? This is a blatant conflict of interest that would trigger a criminal investigation in any functioning democracy.
* The Cost of “Fixing”: If the country is being “fixed,” why are the only people benefiting from the repairs those with the surname Tinubu or Chagoury?
Governance is not a family business, and Nigeria is not a private estate. While the President’s son asks for “faith” in a second term, the people are losing faith in the very survival of the country. We reject this attempt to normalize nepotism and demand an immediate, independent audit of all contracts awarded to the Chagoury Group under this administration.
The “cracks” in Nigeria are being caused by the weight of this administration’s greed. You cannot fix a house while you are busy stripping its foundation for profit
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